Estée Lauder Cos. and Spain’s Puig Brands SA are advancing in negotiations to combine, people familiar with the matter said, putting the two family-owned companies on track to create one of the world’s largest luxury beauty players. The respective owners of brands including MAC, Le Labo, Charlotte Tilbury and Byredo are discussing a deal that would consist mostly of stock and could be formally ann...
Estée Lauder Cos. and Spain’s Puig Brands SA are advancing in negotiations to combine, people familiar with the matter said, putting the two family-owned companies on track to create one of the world’s largest luxury beauty players. The respective owners of brands including MAC, Le Labo, Charlotte Tilbury and Byredo are discussing a deal that would consist mostly of stock and could be formally announced within weeks, according to the people, who asked not to be identified because the matter is private. As part of the deal, Puig Executive Chairman Marc Puig would sit on the board and is expected to be crucial to the integration of the two companies, the people said. The presence of a Puig family member in a key role is an important step to paving the way for a transaction and will provide continuity, they added. He was also chief executive officer until last month. The companies haven’t reached a final agreement and the talks could still fall apart or the timing could change. A representative for Estée Lauder didn’t have an immediate comment. A spokesperson for Puig declined to comment. Estée Lauder and Puig confirmed on March 23 that they were in discussions about a potential business combination in which they would merge their businesses, without disclosing any terms. A tie-up between Estée Lauder, which is still owned by the Lauder family, and Puig would reshape the competitive landscape for luxury beauty products, fashioning a significant challenger to French cosmetics giant L’Oreal SA overnight. Estée Lauder is currently second to only L’Oreal in the cosmetics category globally, with a potential Puig deal giving the pair a stronger foothold in fragrances in particular. Any deal would also be sizable. Puig, which is listed in Madrid, has a market value of €9.8 billion ($11 billion), while New York-listed Estée Lauder has a market value of about $27 billion. Shares in Estée Lauder have lost around 15% of their value since the talks were confirmed last month, while...
Companies are pushing ahead with acquisitions despite geopolitical uncertainty, volatile energy markets and the uneven effects from the rise of artificial intelligence, Morgan Stanley ’s Tom Miles said in a Bloomberg TV interview. “Companies are setting their long-term strategies, M&A is definitely a part of that,”said Miles, the bank’s global head of M&A. He added that during tumultuous times, M&...
Companies are pushing ahead with acquisitions despite geopolitical uncertainty, volatile energy markets and the uneven effects from the rise of artificial intelligence, Morgan Stanley ’s Tom Miles said in a Bloomberg TV interview. “Companies are setting their long-term strategies, M&A is definitely a part of that,”said Miles, the bank’s global head of M&A. He added that during tumultuous times, M&A has benefited companies, and management and boards are implementing their strategic initiatives despite the uncertainty. The rapidly growing use of artificial intelligence throughout the economy is a key aspect of that trend. “The AI front is a tale of two cities,” he said. “You have a number of sectors, companies seeing unprecedented demand, M&A has to be a part of it.” The broader build out of data center infrastructure needed to scale AI, for example, requires M&A, according to Miles. The flip side is that AI is disrupting certain business models, particularly in software, where valuations have already undergone a reset, he added. M&A deal volume hit a record $1.3 trillion high in the first quarter, according to data compiled by Bloomberg. Energy markets remain a key risk, according to Miles. “If you have elevated oil prices, for example, for a longer time,” he said, “that will have to impact valuations and cost structure.” However, boards are assessing whether elevated oil prices are temporary, he added. They and corporate management teams understand that if higher prices prove short-lived, they will return to a point where, having completed that M&A, the long-term value of those deals will ultimately be recognized, he said. Miles said cross-border interest is also continuing as companies pursue growth and adjust supply chains, making business resilience-driven deals more compelling for larger international buyers.
The road ahead for technology stocks will probably continue to be bumpy for now, after a tough start to the year. 2026 hasn’t been tech’s year so far, as the industry faces a volatile geopolitical backdrop and industry concerns on the home front.
The road ahead for technology stocks will probably continue to be bumpy for now, after a tough start to the year. 2026 hasn’t been tech’s year so far, as the industry faces a volatile geopolitical backdrop and industry concerns on the home front.
The Russian defence ministry said on Wednesday that its forces had taken full control of the Luhansk region in eastern Ukraine, suggesting they had wrested control of a small sliver of land which had remained beyond their reach since 2022. Reuters could not independently verify the battlefield report and a Ukrainian military spokesman said there had been no battlefield changes in the area in th...
The Russian defence ministry said on Wednesday that its forces had taken full control of the Luhansk region in eastern Ukraine, suggesting they had wrested control of a small sliver of land which had remained beyond their reach since 2022. Reuters could not independently verify the battlefield report and a Ukrainian military spokesman said there had been no battlefield changes in the area in the last six months. More than 99 per cent of Luhansk, one of four Ukrainian regions Russia claimed as...
Despite the danger of sea mines, experts say that mine clearing has received minimal attention and funding from the U.S. Navy — and it's often overshadowed by more high-profile weapons systems. (Image credit: Suy Se)
Despite the danger of sea mines, experts say that mine clearing has received minimal attention and funding from the U.S. Navy — and it's often overshadowed by more high-profile weapons systems. (Image credit: Suy Se)
In trading on Wednesday, shares of the Invesco S&P 500 Pure Growth ETF (Symbol: RPG) crossed above their 200 day moving average of $47.26, changing hands as high as $48.36 per share. Invesco S&P 500 Pure Growth shares are currently trading up about 2.4% on the day. The
In trading on Wednesday, shares of the Invesco S&P 500 Pure Growth ETF (Symbol: RPG) crossed above their 200 day moving average of $47.26, changing hands as high as $48.36 per share. Invesco S&P 500 Pure Growth shares are currently trading up about 2.4% on the day. The
In trading on Wednesday, shares of the SPDR EURO STOXX 50 ETF (Symbol: FEZ) crossed above their 200 day moving average of $62.65, changing hands as high as $63.46 per share. SPDR EURO STOXX 50 shares are currently trading up about 1.3% on the day. The chart below shows the one
In trading on Wednesday, shares of the SPDR EURO STOXX 50 ETF (Symbol: FEZ) crossed above their 200 day moving average of $62.65, changing hands as high as $63.46 per share. SPDR EURO STOXX 50 shares are currently trading up about 1.3% on the day. The chart below shows the one
It’s a regrettable reality that there is never enough time to cover all the interesting scientific stories we come across. So every month, we highlight a handful of the best stories that nearly slipped through the cracks. March's list includes puzzle-solving raccoons; the physics of folding a crepe; the rediscovery of a lost page from an Archimedes manuscript; and the 2026 winner of the annual Dan...
It’s a regrettable reality that there is never enough time to cover all the interesting scientific stories we come across. So every month, we highlight a handful of the best stories that nearly slipped through the cracks. March's list includes puzzle-solving raccoons; the physics of folding a crepe; the rediscovery of a lost page from an Archimedes manuscript; and the 2026 winner of the annual Dance Your PhD contest, among other highlights. Puzzle-solving raccoons Credit: Hannah Griebling/CC BY Raccoons (aka "trash pandas") are notorious pests in urban and suburban settings because of their penchant for rooting around trash and compost bins; even latches and other safeguards can't entirely keep them at bay. It might be more than food searching behavior, scientists at the University of British Columbia concluded. According to their paper published in the journal Animal Behavior, raccoons are not only nimble and dextrous with their paws, they also excel at solving puzzles, which might be why they thrive so well in human-centric environments. Read full article Comments
Visa 公司警告称,虽然人工智能在检测欺诈模式方面发挥着关键作用,但单靠技术已不足以跟上犯罪分子不断演变的手段。这家支付巨头表示,诈骗者越来越多地利用生成式AI制作高度逼真的深度伪造、虚假身份及社交工程骗局,传统基于规则的系统难以有效捕捉。 Visa在其最新诈骗趋势报告中指出,金融机构需要结合AI驱动的实时监控、更强大的身份验证流程以及跨行业的威胁情报共享。该公司强调,消费者教育也同样重要,因为...
Visa 公司警告称,虽然人工智能在检测欺诈模式方面发挥着关键作用,但单靠技术已不足以跟上犯罪分子不断演变的手段。这家支付巨头表示,诈骗者越来越多地利用生成式AI制作高度逼真的深度伪造、虚假身份及社交工程骗局,传统基于规则的系统难以有效捕捉。 Visa在其最新诈骗趋势报告中指出,金融机构需要结合AI驱动的实时监控、更强大的身份验证流程以及跨行业的威胁情报共享。该公司强调,消费者教育也同样重要,因为许多新型诈骗利用的是人为因素,而非直接攻破技术防线。 报告还指出,授权推送支付诈骗和投资骗局正在显著增长,犯罪分子利用AI生成个性化诱饵,以绕过传统的交易监控机制。Visa建议发卡机构和收单机构加强合作,在资金离开账户前实现更快速的干预。 该公司全球风险与身份验证负责人表示,打击AI驱动的诈骗需要行业协同应对,单凭任何单一工具或机构都无法解决这一日益严峻的挑战。 责任编辑:张俊 SF065
In trading on Wednesday, shares of the SPDR Bloomberg 1-3 Month T-Bill ETF (Symbol: BIL) crossed below their 200 day moving average of $91.56, changing hands as low as $91.39 per share. SPDR Bloomberg 1-3 Month T-Bill shares are currently trading off about 0.3% on the day. The
In trading on Wednesday, shares of the SPDR Bloomberg 1-3 Month T-Bill ETF (Symbol: BIL) crossed below their 200 day moving average of $91.56, changing hands as low as $91.39 per share. SPDR Bloomberg 1-3 Month T-Bill shares are currently trading off about 0.3% on the day. The
In trading on Wednesday, shares of the VanEck Environmental Services ETF (Symbol: EVX) crossed above their 200 day moving average of $39.07, changing hands as high as $39.41 per share. VanEck Environmental Services shares are currently trading up about 1.6% on the day. The cha
In trading on Wednesday, shares of the VanEck Environmental Services ETF (Symbol: EVX) crossed above their 200 day moving average of $39.07, changing hands as high as $39.41 per share. VanEck Environmental Services shares are currently trading up about 1.6% on the day. The cha
In trading on Wednesday, shares of Birchcliff Energy Ltd (TSX: BIR.TO) crossed below their 200 day moving average of $6.86, changing hands as low as $6.80 per share. Birchcliff Energy Ltd shares are currently trading down about 10.6% on the day. The chart below shows the one y
In trading on Wednesday, shares of Birchcliff Energy Ltd (TSX: BIR.TO) crossed below their 200 day moving average of $6.86, changing hands as low as $6.80 per share. Birchcliff Energy Ltd shares are currently trading down about 10.6% on the day. The chart below shows the one y
In trading on Wednesday, shares of the ProShares Ultra Health Care ETF (Symbol: RXL) crossed above their 200 day moving average of $46.36, changing hands as high as $47.09 per share. ProShares Ultra Health Care shares are currently trading up about 1.6% on the day. The chart b
In trading on Wednesday, shares of the ProShares Ultra Health Care ETF (Symbol: RXL) crossed above their 200 day moving average of $46.36, changing hands as high as $47.09 per share. ProShares Ultra Health Care shares are currently trading up about 1.6% on the day. The chart b
In trading on Wednesday, shares of the First Trust US Equity Opportunities ETF (Symbol: FPX) crossed above their 200 day moving average of $159.19, changing hands as high as $163.28 per share. First Trust US Equity Opportunities shares are currently trading up about 1.9% on the
In trading on Wednesday, shares of the First Trust US Equity Opportunities ETF (Symbol: FPX) crossed above their 200 day moving average of $159.19, changing hands as high as $163.28 per share. First Trust US Equity Opportunities shares are currently trading up about 1.9% on the
In trading on Wednesday, shares of the iShares 0-1 Year Treasury Bond ETF (Symbol: SHV) crossed below their 200 day moving average of $110.28, changing hands as low as $110.08 per share. iShares 0-1 Year Treasury Bond shares are currently trading down about 0.3% on the day. Th
In trading on Wednesday, shares of the iShares 0-1 Year Treasury Bond ETF (Symbol: SHV) crossed below their 200 day moving average of $110.28, changing hands as low as $110.08 per share. iShares 0-1 Year Treasury Bond shares are currently trading down about 0.3% on the day. Th
The S&P 500’s performance on Wednesday has been led by some of the biggest makers of the infrastructure needed for artificial intelligence. Shares of the largest U.S. memory-chip maker, Micron Technology, and flash memory maker Sandisk jumped about 9% in afternoon trading.
The S&P 500’s performance on Wednesday has been led by some of the biggest makers of the infrastructure needed for artificial intelligence. Shares of the largest U.S. memory-chip maker, Micron Technology, and flash memory maker Sandisk jumped about 9% in afternoon trading.